LeadFX Inc. announced that SNC-Lavalin Australia Pty Ltd. has updated the previously announced Paroo Station Lead Mine definitive feasibility study dated February 28, 2018 to incorporate the results of engineering work and a demonstration plant program undertaken in 2018 and 2019. The DFS Update has concluded that the proposed modifications to the existing flotation concentrator and the new hydrometallurgical facility flowsheet can produce 99.99% purity lead metal at a nominal rate of 70,000 tpa, with design capacity to achieve 80,000 tpa at an average cost of $1,276/t Pb ($0.58/lb Pb) which accords with the Original DFS. The life of the Mine, based on Proven and Probable Ore Reserves, has been extended to 17 years (from the 15 years announced in the Original DFS) as a result of including the Ore Reserves at the Pizarro deposit, located 10km to the south of the mine-site, in the life of mine plan. The DFS Update estimates the total funding requirement to first production (before costs of finance and fees and the repayment of outstanding indebtedness) at $183.7 million, an increase of $6.5 million from the estimate previously reported in the Original DFS. The project net present value at a spot price of $2,040/t and a long term lead price of $2,350/t Pb (applying a discount rate of 8.25% post tax) is estimated at $184 million- $257 million with an internal rate of return estimated at 24.6% at the long term lead price assumption.